Mortgage rates have increased slightly, with the average 30-year fixed rate at 6.00% and the 15-year fixed rate at 5.50%. It may be a good time to buy a house or refinance. Refinance rates are higher, with a 30-year fixed rate at 6.12% and a 15-year fixed rate at 5.60%. When deciding on a mortgage term, consider factors like interest rates and monthly payments. Adjustable-rate mortgages offer lower initial rates but can increase over time. To secure the lowest rates, focus on a higher down payment and good credit score. The national average 30-year fixed rate is 6.00%, but rates can vary by location. Predictions show rates staying above 6% in the future.

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